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HashChing is Australia’s first online marketplace allowing consumers to access great home loan deals without having to shop around. Completely FREE to consumers, HashChing connects you directly to verified mortgage brokers who can further negotiate a better rate from the lenders and save you time, hassle and money.

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Trent

2 years ago

Hi Lisa, as the other brokers have mentioned, equity in an international asset is not acceptable security for Australian lenders. However, another effective means of freeing up funds to reduce or eliminate LMI is a ground approach to your overall financial situation. By taking a wholistic approach to your financial requirements and delving deeper into your circumstances, we can ensure that all facets of your financial situation are performing optimally. If you are servicing debts such as cars, credit cards, personal loans that affect your ability to save effectively and efficiently, a simple financial health check could provide you with the means to better service your loan, save a greater deposit and place you in better overall financial position prior to applying for a home loan. Stokes & Maker Financial Services is a boutique financial services broker focused on bespoke, individually tailored lending solutions and premium service. We are based in Brighton but can come to you to discuss your individual needs, goals and circumstances. We do not charge our clients for any aspect of our services as all service related fees are charged to the lender. If you have yet to secure a broker to assist you, please get in contact for a confidential and obligation free discussion. Kind regards, Trent Stokes

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Michael

2 years ago

Hi Lisa, security cannot cross international borders, but there is nothing stopping that family member accessing that equity in their property and gifting or lending the funds to you. a ten percent deposit is a great start.

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Allan

2 years ago

Hi Lisa, thanks for your question. Unfortunately the additional security given would need to be property held in Australia. There are lenders that will accept gifted deposits, particularly if you can show a rental history via a licensed real estate agent. It may be that your family in the UK can tap in to their equity to assist that way. I have experience in both the lending markets in the UK & here in Australia & can be contacted via my Hashching profile if you wish to discuss your options further. Regards Allan

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